Purchasing coverage for your practice is a necessary and important task. When considering liability coverage, it’s important to consider all aspects of the decision. How will your insurance company advocate for you and your practice? What should you consider when looking into liability coverage? Should you choose lower rates or higher coverage? While this can […]
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It’s no secret that 2020 has brought new challenges for all fields, but possibly the most impact has been felt by medical and healthcare professionals. Now more than ever, it is important to protect your practice from insurance claims and the liability attached to them. Common claims that professional liability insurance covers are negligence, misrepresentation, […]
In our current world, protection against cybercrime -ransom, hacking, computer system breakdown- is needed now more than ever. The first step in protecting your practice against cybercrime is to have strong passwords and firewalls in place. Awareness of scams is also vital. Abiding by HIPAA guidelines can avoid devastating financial and medical information risk. […]
Telehealth has been used pre-COVID for many reasons. Healthcare providers have used virtual methods to provide support to astronauts in space, patients in rural areas, and even to collaborate with one another on difficult cases or surgeries. Now, technological advances have allowed healthcare professionals to continue providing services amidst an unprecedented time. Some researchers are […]
Choosing insurance for your practice is a big decision in many ways. That decision isn’t cheap, and can have huge financial implications for many years to come. The cost associated with risk mitigation can be substantial. Insurers spend a considerable amount of money investigating and defending claims before a suit ever makes it to court. […]
The latest iteration of the COVID-19 relief package from Congress has taken many turns, and it hasn’t even been finalized yet. Some points of contention include: Hospital bailout money Medicaid protection funds Liability protections for health care professionals Hospital funding is tricky, as well as a moving target. While elective procedures all but stopped in […]
COVID-19 has left more in its wake than deserted office buildings and empty restaurants. Litigation claims touch on many aspects of daily living, including business interruption, workplace/employee impact, treatments and cures, legal rights issues, and price gouging, just to name a few. Specifically, health care professionals are closely attuned to the potential legal liability of […]
In a perfect world, both providers and patients would have total faith in artificial intelligence (AI) and its ability to diagnose and detect disease. (And while we’re at it, COVID-19 wouldn’t exist in a perfect world. But I digress …) However, even AI has to live within the limits of its imperfections. Mistakes are bound […]
Risk mitigation involves many moving parts, including your employees. However, your employees are not the only human element affecting your potential for liability. Your vendors also need special consideration. Luckily, one of CARE’s industry partners, OmniSure,(1) has compiled a list of recommendations(2) for managing the risk exposure derived from working with third-party vendors. Tips include: […]